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Retailers relieved with RBA's rate cut
Retailers have welcomed the Reserve Bank’s decision to cut interest rates by a further 25 basis points down to 3.25 per cent.
Cash rate remains unchanged
As predicted by most analysts, the Reserve Bank has left the cash rate at 3.5 per cent.
Cash rate on hold at 4.25%
While there were speculations that the Reserve Bank would cut the cash rate following two previous drops in November and December, its been left unchanged at 4.25 per cent.
RBA drops cash rate by 0.25%
The RBA has come to retailers' rescue in time for the most important retail trading period of the year after announcing a 0.25 per cent reduction in the cash rate.
Cash rate left unchanged
The RBA has decided to leave the cash rate at a steady 4.75 per cent.
Call for cut to cash rate dismissed
The cries of retailers to cut interest rates have been left unheard as the RBA has decided to leave it unchanged at 4.75 per cent.
RBA holds rate at 4.75%
Both the NRA and the ARA have described the news as an extra break the sector needs to continue the recovery after a soft couple of years and a disastrous few months.
Retailers rejoice after interest rates kept on hold
The National Retail Association has praised the Reserve Bank of Australia after it announced a decision to keep rates on hold for another month.
Growth of debit over credit linked to drop in consumer sentiment
New figures revealing consumers are cautious about spending in Australia are reflected in the increase in preference for debit over credit card use, according to eftpos Australia Payments Limited manager Bruce Mansfield.
No rate rise means happy retailers
There’s a sigh of relief among Australian retailers as the Reserve Bank of Australia has decided to hold the cash rate unchanged at 4.75 per cent.
Cash rate held for the fifth time
his news has been welcomed by both the ARA and the NRA that have suggested keeping the cash rate stable for retailers as to continue their recovery.
Cash rate stable, retailers welcome results
The Reserve Bank of Australia has confirmed that the interest rate will remain unchanged at 4.75 per cent where it has been since last November.
It's card over cash, RBA says
This is what the RBA found during its initial consultations for its strategic review of the payments innovation, which is due for release mid-year.
Talks for a level playing field for eftpos
In a recent meeting, the Payments System Board of the RBA discussed date reporting requirements imposed by international card schemes on some transactions through the eftpos system, and brand fees imposed by one scheme on those transactions.
Retailers on banks' watch list
This was highlighted as part of the RBA’s submission to a federal parliamentary inquiry into small and medium business access to finance.
Online shopping on the rise
The RBA said that the number of inbound postal items delivered through the Australia Post network suggests there's been a growth in online purchases from overseas.
Uneasy outlook for Christmas
The RBA has decided to raise the cash rate by 0.25 per cent to 4.75 per cent just before the Christmas trading period begins.
Banks need to hold off rate rise
The speculation and the uncertainty of rate rises can have a negative impact on retailers, NRA executive director Gary Black said.
Stronger dollar, cheaper goods
Over the last few weeks the Australian dollar has been steadily increasing following the country's recovery of the global financial crisis.
Retailers demand a straight answer
Despite the Reserve Bank Australia's (RBA) earlier announcement this week that it will not be increasing interest rates, there is still a lot of uncertainty.
Hope for retail recovery as RBA keeps rates on hold
The Reserve Bank of Australia's decision to leave the official cash rate unchanged at 4.5 per cent for the third month will give struggling retailers a glimmer of hope for retail trade recovery.
Relief for retailers as interest rates remain at 4.5 per cent
Keeping interest rates stable will give retailers breathing room to build on recent small gains in the sector.
March retail sales rise 0.3%
Australian Bureau of Statistics (ABS) retail trade figures released today show a 0.3 per cent growth in March sales as a result of an early Easter four day break.
Sixth rate hike to further decrease retail spend
The Reserve Bank of Australia (RBA)'s sixth 25 point interest rate rise since October last year is devastating news for retailers, who are still struggling to cope with reduced consumer demand.
Rate rise to stall retail recovery and cost jobs
Retailers will feel the brunt of the Reserve Bank of Australia's fifth 25 point interest rate rise since October last year, taking the cash rate to 4.25 per cent after dismal retail trade continued in February.
Slide in retail sales expected
Australian retail sales remained relatively flat over the month of February, according to the latest Commonwealth Bank Business Sales Indicator.
Retailers feel let down by RBA rate rise
Retailers will feel the brunt of the fourth 25 point interest rate rise since October last year, taking the cash rate to four per cent after an unhealthy post-Christmas sales season.
Consumer Sentiment's surprise fall in February
The Westpac-Melbourne Institute Consumer Sentiment Index fell by 2.6 per cent in February from 120.1 in January to 117 in February.
Retail sales down 0.7 per cent
The latest ABS retail trade figures show that sales in December fell 0.7 per cent compared with a rise of 1.5 per cent the previous month.
Retailers' relief at unchanged interest rates
The RBA's decision to hold interest rates at 3.75 per cent will give retailers a chance to post consistent growth after a year of difficult and irregular trade.
Consumer sentiment continues to rise in January
Consumer confidence is continuing its surge, with the Westpac-Melbourne Institute Index of Consumer Sentiment increasing by 5.6 per cent in January to 120.1 from 113.8 in December.
Three rate rises set to cut Christmas spending
Retailers will feel the brunt of the third successive interest rate rise as consumers will be spending less this Christmas.
Consumer sentiment index falls, confidence still high
The Westpac-Melbourne Institute Index of Consumer Sentiment fell by 2.5 per cent in November to 118.3 from 121.4 in October.
Retailers don't approve of RBA's interest rate rise
The Reserve Bank's decision to raise the official cash rate by 25 points to 3.25 per cent has not been received well by retailers.
RBA holds rates as economy stabilises
The Reserve Bank of Australia has left the official cash rate unchanged at three per cent with signs of emerging confidence and stability in the economy.
RBA holds rate at 3 per cent as retailers wait for stimulus package effect
The Reserve Bank of Australia has left the interest rate unchanged at three per cent today and foresees no other rate cut until after the June quarter inflation numbers are released in July.
Retailers welcome responsible rate cut
The Australian Retailers Association said the Reserve Bank of Australia was acting with responsible caution by reducing the cash rate by 25 basis points.
